The upside I referred to related purely to the chart and nothing to do with FA. Also for the amount of capital I have at risk and considering the chart at the time for me, it is limited downside. In absolute percentages yes you could argue it could go to 0.
Unfortunately Im too busy to disect all FA (sometimes this dark art confuses the hell outof me) on these miinnows but in my experience the charts have a fairly strong propensity to play out. In this case they have fallen quite a bit but support looks good at 3.5 or even 3c which Im happy to wait out further increases.
Good luck.
Discl: Small position
note on gold from global sprott team, page-7
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